Search
 

Seib Debuts $150M-Plus Plan for North Oak Cliff

DALLAS-Dick Seib, a well-known local banker, will break ground in 60 days on the first phase of La Reunion Town Center and begin the push for more residential and retail in Q1 2009.

By Connie Gore | Updated on August 06, 2008

DALLAS-Admitting it’s still a “moving target,” well-known local banker Dick Seib has his eye on developing a $150-million to $200-million town center in North Oak Cliff. Site work is about to ramp up for the first construction, with the 30-acre tract to be completely scraped in early 2009.

About two years ago, Seib and his family bought three contiguous blocks, including a 6.4-acre parking lot at the city’s fabled Bronco Bowl, now gone and backfilled with a Home Depot. The land assembly includes a 68-year-old apartment complex, Colorado Place at 2300 Fort Worth Ave., which is gradually being emptied to make way for the new, La Reunion Town Center.

Seib tells GlobeSt.com that construction financing is in place for the entire project. Ground will break on the parking lot site in 60 days for a 198-unit seniors’ housing project, the Fairways at La Reunion, with completion coming five months later. Next, the demo crew will begin to raze the 28-building complex with 342 units.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.